Producers have a wide variety of risk management instruments available. How do producers make a choice of risk management instruments? Using the recently developed choice bracketing framework, we examine what risk management strategies producers use and identify the factors that drive their risk...

Perceptions of risk may vary within households as well as across households and communities. In this paper, we take advantage of panel survey data collected quarterly over a period of 2 ½ years to see how perceptions of risk vary across individuals over time. The surveyed households are in...

Many governments try to stabilize commodity prices based on the widespread belief that households value price stability and that the poor especially benefit from food price stabilization. We derive an exact measure of multivariate price risk aversion and of associated household willingness to...